As President Obama begins his second term, U.S. policy toward Asia faces changes and challenges rooted in developments in at home and in the region. What will new Secretaries of State and Defense and other changes in the administration’s foreign policy and national security team and the president’s second term agenda more broadly mean for policy toward Asia? What do the contentious politics of budgets and spending imply for implementing Obama’s “pivot” or “rebalancing” toward Asia and perceptions in the region of the U.S.’s role? What challenges and opportunities for U.S. policy arise from the coming to power of new leaders in China, the leadership-changing elections in Japan and Korea, the possible resurgence of India’s principal opposition party, ongoing developments in Taiwan-Mainland relations? How might U.S. policy on regional security, non-traditional security and economic issues in Asia shift or evolve during Obama’s second term?